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Would you recommend getting out now or stop loss below .33 and wait to see if that holds?
June 20th is 30th trading day
How long would it take them to increase the A/S?
40M per month to obtain approximately 400k subs. $100 per sub seems reasonable.
You always seem to relate HMNY to the worse companies. Can you name any companies that have used ATM financing and prospered? And can you leave Ted out of your response?
What type of funding would you like to see the company announce?
So you're saying there's a chance
Are you sure, are you really really sure ;)
And what would that timber price be that it wouldn't come back from?
Not quite
Especially once they release family plans
Need a PR to get this ticker some action.
Who thinks they get this back above $1 before the delisting notice? ??
Cash of $1.4 million and working capital of $0.7 million as of September 30, 2017.
Market cap 9M
Anything under .28 looks good based on latest filing
Nice! Thanks for posting.
Getting close
Cooltech revenue 2015 16.7M, 2016 22.2M
Don't forget about these:
Upon the closing of the merger transaction, Cooltech will become a wholly-owned subsidiary of InfoSonics in exchange for 62.5 million shares of InfoSonics common stock.
Thanks Blue!! You da man!
Hope so
Don't know if anyone else has noticed but the verykool Android app use to rarely get updates. However from May until yesterday it's been updated several times.
Can't go wrong selling black hog meat.
Yet it keeps drifting lower.
Pretty tough to compete especially when the big players offer devices like this.
https://www.theverge.com/circuitbreaker/2017/5/15/15641326/lenovo-moto-c-plus-phone-launch
I posted this Qs from last year to show how much cash increased from Q1 to Q2. Could have a repeat. Also the software is probably being kept under wrap until they present their plan to the panel. It shall be interesting.
Information from last year Q1 and Q2, just as a reference.
At March 31, 2016, we had $438,000 in cash, $12.6 million of net working capital and no outstanding funded debt.
At June 30, 2016, we had $2.8 million in cash, $11.4 million of net working capital and no outstanding funded debt.
The Company believes that based on its current level of operating expenses, its currently available cash resources together with the ability to factor receivables if needed, it will have sufficient funds available to cover operating cash needs through the twelve month period from the financial statement reporting date. Based on the above factors, management determined there is no substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statements are issued.
, in March 2017, due to the Company’s continuing losses, the line of credit was amended to eliminate the Company’s ability to borrow against its accounts receivable. We will, therefore, need to rely for the foreseeable future upon our existing working capital and vendor credit as the sole sources of financing. Given the losses we have sustained over the last four quarters, these resources may not be sufficient to adequately fund our operations for the coming year. This could force us to make further reductions in spending, curtail planned programs or take other actions that could materially harm our business, results of operations and future prospects. It may also be necessary for us to seek other debt, equity or equity-based financing.
On May 4, 2017, we requested an oral hearing before the NASDAQ Hearings Panel to appeal the NASDAQ Staff’s delisting determination. On that same day, we received a response from NASDAQ that our request for a hearing was granted, and the hearing was scheduled for June 1, 2017. At the hearing, we intend to present a plan to regain compliance with the bid price requirement, which plan will necessarily include the option of a near-term reverse stock split. However, there can be no assurance that the NASDAQ Staff will grant our request for continued listing.
What's Mr. Ram have up his sleeve now?
On May 2, 2017, InfoSonics Corporation (the "Company") received a letter from the Nasdaq Listing Qualifications Staff (the "Staff") advising that the Staff had determined that: (i) the Company had not regained compliance with the $1.00 per share minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2) as of May 1, 2017 (following the expiration of two 180-day periods in which to regain compliance previously provided by Nasdaq); and (ii) unless the Company requested an appeal of this determination by May 9, 2017, trading of the Company’s common stock would be suspended from The Nasdaq Capital Market at the opening of business on May 11, 2017 and a Form 25-NSE would be filed with the Securities and Exchange Commission (the "SEC") to remove the Company's securities from listing and registration on The Nasdaq Stock Market (the "Delisting"). The Company intends to submit an oral hearing request on or before May 9, 2017 to the Nasdaq Hearings Panel (the “Panel”), which request will stay the Delisting.
At the Panel hearing regarding the Delisting, the Company will be required to present a plan to regain compliance with the minimum bid price requirement. The Company expects to present to the Panel a plan that includes a discussion of the reasons why the Company believes it can regain compliance, as well as confirm to the Panel that the Company is prepared to effectuate a reverse stock split in order to regain compliance if necessary. The Panel will rule on whether to grant the Company relief from the Delisting (including setting forth the specific requirements of any such relief) or go forward with the Delisting, following the hearing.
Or plausibly a buyout offer by BLU.
Bouncing off. 57ish... Let's go... Need news from company
I was thinking the exact same thing.
Kudos for calling the drop. Not quite 50¢ yet but definitely looks on its way. Why do you think the volume spiked on what seemed to be uneventful news?
Not even close.
7 trading days left. No word on software suite or deficiency resolution.